Education as a competitive advantage.

There is something to be said about a tax professional who is on top of the latest tax law changes and strategies. Your clients can sense you know what you are doing. And you spend less time while making fewer mistakes during the busy season.

Choosing your tax update partner is an important decision. While some may look at CPE as a nuisance, the quality of your yearly update will help you service your clients better, improve referral rates and increase billing rates.

ClientWhys provides the most comprehensive coverage of our ever-changing and evolving tax laws, regulations, rulings, filing procedures and troublesome areas, such as the Health Care provisions, debt relief and foreclosure, and the constant line up of new provisions each year.

Welcome

Our Picks

2016 California Tax Return Preparer (CRTP) 20-Hour Bundle

$ 79.95

Brand TaxCPE

More Details →

2016 Enrolled Agent (EA) 24-Hour Bundle

$ 95.95

Brand TaxCPE

More Details →

B216CPE - 2016 The Big Book of Taxes PDF With 24 Hours CPE

$ 129.00

Brand TaxCPE

More Details →

The Tax Professionals Blog

Are Specialty Medical Devices and Supplies Deductible?

Medical expenses are defined as the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body including dental expenses (Sec 213(d)(1)).

Read more

Itemizing Deductions: Capitalizing Property Taxes

When itemizing deductions, a taxpayer is allowed to deduct a variety of taxes, including real or personal property taxes and state income or sales taxes. However, for alternative minimum tax (AMT) purposes, none of these itemized taxes is deductible. For most taxpayers, taxes represents one of the largest tax deductions, and it frequently triggers the AMT.

Read more

Waiving the Required Retirement Minimum Distribution Penalty

The penalty, called the excess accumulation penalty, for failing to take the required minimum distribution from IRAs and qualified plans is 50% of the amount that should have been withdrawn but wasn’t. Not all trustees (financial institutions) remind their clients to take the distribution, and it is quite easy for elderly individuals to overlook or not understand the distribution rules, resulting in a potentially severe penalty. However, the IRS does have a liberal policy for having the penalty waived.

Read more